New York Court of Appeals October 6, 1908 (Seaboard National Bank v. Bank of America)

Also known as

United States · · · 06-10-1908

Chase, J.

The Federal National Bank was a depositor with the plaintiff. The relation existing between a bank and a depositor being that of debtor and creditor the bank can justify a payment on the depositor’s account only upon the actual direction of the depositor.

(Critten

v.

Chemical National

Bank, 171 N. Y. 219.

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